started · updated
XRP network activity surges as large holder counts hit 2026 record
The XRP Ledger has experienced a significant surge in network activity, recording 7,934 new wallets on November 1. This figure represents the sixth-highest daily increase in 2026 and is more than double the recent 30-day average of approximately 3,500 new wallets.
Despite XRP trading in a relatively weak range between $1.20 and $1.25, the number of large holders—wallets containing at least 1 million XRP—has climbed to 2,147. This marks the highest concentration of million-token wallets recorded in 2026. Analysts suggest this divergence between price and large-wallet growth may indicate accumulation by long-term holders.
The spike in wallet creation occurred on a Sunday, a period typically characterized by lower crypto network activity. Some analysts suggest the surge may be linked to users moving assets to self-custody following a major security incident at Binance in late October, though a direct causal link has not been confirmed. For a sustained bullish outlook, analysts suggest XRP must reclaim the $1.30 and $1.40 levels while maintaining high network growth and large-holder counts.
Entities
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] The Coinbase Premium Index was approximately -0.16% on November 2. cryptoslate.com
- [● 2 SOURCES] The 30-day average for new XRP wallets was approximately 3,500 per day. www.crypto-insiders.nl
- [● 8 SOURCES] The XRP Ledger recorded 7,934 new wallets on November 1. www.kriptoworld.hu · www.blockmedia.co.kr · www.crypto-insiders.nl · www.it-boltwise.de · coinedition.com
- [● 4 SOURCES] Binance reported a security breach involving approximately $6.3 billion in assets. www.kriptoworld.hu · coinedition.com
- [● 3 SOURCES] The number of million-plus XRP wallets grew by 28 addresses over a 10-day period. cryptobriefing.com · finbold.com
- [● 4 SOURCES] The number of wallets holding at least 1 million XRP reached 2,147. thecoinrise.com · cryptobriefing.com · finbold.com
- [● 10 SOURCES] XRP price was approximately $1.25 around the time of the wallet surge. www.kriptoworld.hu · cryptocompass.com · timestabloid.com · www.blockmedia.co.kr · www.it-boltwise.de · +3 more
- [● 5 SOURCES] The 7,934 new wallets on November 1 was the sixth-highest daily total of 2026. www.kriptoworld.hu · www.crypto-insiders.nl · coinedition.com